Posted on January 21st, 2010 • by David Zatz
The old Chrysler, Old Carco or Chrysler LLC (as opposed to Chrysler Group LLC), has had its bankruptcy process moved forward as Judge Arthur Gonzalez approved the company’s disclosure statement and voting process for liquidation. Michigan tax and environmental agencies are demanding priority, as the old company owes some taxes and $2.8 million in environmental [...]
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Posted on December 3rd, 2009 • by David Zatz
While the famed rastafarian Bob Marley is not often thought of alongside Mopars, the musician apparently moved from Jamaica to the Wilmington, Delaware plant in 1966 to work on the production line, falling out with his management company because they got rich on his success – and he did not (at that time). The BBC [...]
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Posted on November 13th, 2009 • by David Zatz
Detroit News noted that the Old Carco has been given permission to sell its Newark, Delaware assembly plant to the University of Delaware. The plant, which most recently made the Durango and Aspen, was one of the last of many Northeastern auto plants to close down. Chrysler Group purchased $25,000 of equipment from the plant [...]
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Posted on October 24th, 2009 • by Bill Cawthon
The University of Delaware has inked a deal to buy Chrysler’s former Newark Assembly Plant. The school got a good deal, paying $24.25 million, just over half of the property’s estimated value. In order to facilitate the deal, the university agreed to take responsibility for environmental remediation at the site. UD plans to turn the [...]
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Posted on December 17th, 2008 • by David Zatz
First published 12/15/08; updated 12/17/08. Local newspapers claim that the Newark, Delaware plant, which produces the Dodge Durango and Chrysler Aspen, will close on Friday. The plant had been set to close in 2009, but when large SUVs dropped in popularity, the closing date was moved up. Update: Chrysler confirmed the closure indirectly by noting [...]
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Posted on October 23rd, 2008 • by David Zatz
Chrysler LLC announced that it would close the Newark, Delaware, assembly plant earlier than planned, and cut one of the two shifts at Toledo North. The Newark plant makes the Durango and Aspen, and the Toledo North plant makes the Liberty and Nitro. Inventories of all four vehicles are currently very high. Both closings will [...]
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